Supreme Decree 21060 (Spanish: Decreto Supremo 21060, DS 21060, or DS Nº 21060), promulgated by Bolivian President Víctor Paz Estenssoro on 29 August 1985, was a legal instrument that imposed neoliberal economic policies in order to end Bolivia's twin crises of international debt and hyperinflation.
[1] In 1985, under the fourth (and final) term of President Paz Estenssoro, the economic situation in Bolivia was undermined with a galloping hyperinflation (inherited from Hernán Siles Zuazo) and the country was unable to pay its debt to the International Monetary Fund (IMF).
A plan was drawn by Jeffrey Sachs, Professor at Harvard University, and at that time active as economic adviser to the Bolivian government.
[2] The IMF approved of the decree's adoption and gave the Bolivian government $57 million in credit.
Additionally, the World Bank began lending money to the country again.